Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Colonial First State Achieves Excellent Result

Colonial First State Achieves Another Excellent Result

Colonial First State (NZ)’s investment portfolios have produced a top quartile performance for the three months ended 30 September 2000.

For the quarter ended 30 September, Colonial First State’s balanced funds portfolio produced a gross return of 4.3 per cent. This follows a June result which ranked Colonial First State’s balanced fund number one.

Also on the back of a strong June quarter, Colonial First State’s Australasian shares portfolio achieved a gross return of more than 6 per cent compared with the NZSE40 gross index of –1.4 per cent.

Chief Executive Bruce Abraham said the excellent returns for investors were a result of Colonial First State’s focus on quality investments and were particularly noteworthy given the volatility of investment markets over the September quarter.

“This helped significantly in ensuring that investors’ funds were more than protected during a difficult period.”

ENDS

For further information contact:

Andrew Murrell
Communications Manager
Tel: 04 470 4507
Fax: 04 470 4501
Mobile: 025 770 069
Email: amurrell@colonialfs.co.nz

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

9.3 Percent: Gender Pay Gap Unchanged Since 2017

“While it has remained flat since 2017, the gender pay gap has been trending down since the series began in 1998, when it was 16.2 percent,” labour market statistics manager Scott Ussher said. More>>

ALSO:

Ex-KPEX: Stuff Pulls Pin On Media Companies' Joint Ad-Buying Business

A four-way automated advertising collaboration between the country's largest media companies is being wound up after one of the four - Australian-owned Stuff - pulled the pin on its involvement as part of a strategic review of its operations ... More>>

Bus-iness: Transdev To Acquire More Auckland And Wellington Operations

Transdev Australasia today announced that it has agreed terms to acquire two bus operations in Auckland and Wellington, reaching agreement with Souter Investments to purchase Howick and Eastern Buses and Mana Coach Services. More>>

ALSO:

Māui And Hector’s Dolphins: WWF/Industry Counter Offer On Threat Management Plan

Forest & Bird says WWF-NZ's plan for protecting Māui dolphins is based on testing unproven methods on a species that is almost extinct, and is urging the Government to reject the proposal. More>>

ALSO: